TMI BlogAllowing deduction not claimed by the assessee in its return of income u/s.54B - the Income Tax laws are...Allowing deduction not claimed by the assessee in its return of income u/s.54B - the Income Tax laws are welfare in nature and the very purpose of welfare legislation is that there should not be any cohesive action by the quasi-judicial Authority. It is the duty of the quasi-judicial authority, the AO or the Ld. CIT(A) to guide the assessee to enable him to get benefit whether or not claimed by him for which he is legally eligible. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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